DISQUS

texasbob · 9 months ago

I despise Republican economic notions and behavior as much as anyone, but Democrats (especially the Clinton crowd) also bear a large share of the blame for deregulation and the financial mess. It is high time that bloggers and all the rest of us stopped portraying Repubs as bad and Democraps as good, as if there is a meaningful difference, and instead moved to reject the majority of these two wrong-headed wings of the wealth-centered elite. What is needed is a genuine left movement in the US, not the phony leftism that the Democraps offer. As every day passes, their hero, O'bama, is proving himself more and more to be a covert Repub on the really key structural and legal issues. For example, what is the difference between Bush-Paulson and O'bama-Geithner?

TimK · 9 months ago

I'm inclined to agree with this. I'm not one of the idiots who blame the CRA for the current crisis, but Clinton willingly signed Gramm-Leach-Bliley, which repealed key provisions of the Glass-Steagall Act (passed in the 1930s, the last time we had to learn these lessons), and that IMO is what made this crisis not only possible but inevitable.

No One Ever Learns · 9 months ago

They didn't learn from the previous depressions. What makes this one different?

bob_h · 9 months ago

Let's hope Volcker has a big say in financial re-regulation.